Analyst Leaderboard

The BW Score is a 0–100 track-record score for an equity analyst. It is the analyst's empirical-Bayes-shrunk average 12-month sector-excess return, recentred so that 50 means they matched their stocks' sector and 100 is the field leader. It rewards skill, not luck — scores are shrunk toward the population mean and corrected for multiple testing.

Sector-excess is the realized 12-month return of a rated stock minus the return of that stock's sector ETF over the same window, entered at the closing price on or after the rating date (no look-ahead). Averaged across an analyst's calls, it measures how much their picks beat simply owning the sector.

A scored call is a rating that has a fully-resolved 12-month outcome — enough calendar time has elapsed since the call and we have the price data to measure it. Recent calls still inside their 12-month window are pending, not scored.

An analyst is flagged Skilled when their outperformance is statistically significant after Benjamini-Hochberg false-discovery correction (q ≤ 0.10) — i.e. the edge is very unlikely to be luck, even across thousands of analysts tested at once.

Scores recompute as new ratings are ingested and as pending calls cross their 12-month mark. Each analyst's "Last Rated" date reflects their most recent rating in our data.